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Ayer 01432
8 Grove St
$330,000
● House - Off Market

8 Grove St

Ayer, MA 01432
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,307 Ft²
$2,015
Est. Monthly

About This Property

Classic Side Entrance Colonial three bedroom property was well built in 1875 and still has some of the details of period construction.  The kitchen has been updated   The first floor has an office space currently being used as a bedroom, living room, dining room and eat in kitchen with a full bath.  This property has plenty of potential and is ready for you to add your own personal touches.  This a corner lot property and it is being sold as is The seller has already secured a new home, Quick closing possible.
Unit Size
1,307 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$268
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1875

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73210566)

Price History

Date / Event Date Event Price
May 7, 2024 Sold
Premium
Sold
Mar 26, 2024 In contract -
In contract
Mar 9, 2024 Listed by MA Real Estate Center $349,900
Listed by MA Real Estate Center
May 30, 2003 Sold
Premium
Sold
Dec 27, 1999 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1988
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 882
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,307
  • Building Area: 1,307
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,307
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000050
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ayer-Shirley School District
  • School Tax School District: AYER SHIRLEY SD
  • Census Tract: 325102

Zoning

  • Zoning: GR

Geography

  • Parcel: AYER M:026 B:0000 L:0310
  • Lot: 310
  • Municipality: AYER
  • Latitude: 42.5578
  • Longitude: -71.5869

    Address

  • Full Address: 8 Grove St
  • Address - House Number: 8
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ayer
  • Carrier Code: C005
  • 4-Digit Zip Code: 1618
  • Zip Code: 01432

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $355,300

    Appraisal Valuation

  • Standard Deviation: 0.2402
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 58
  • Final Value: 395,450
  • High Value: 509,871
  • Low Value: 281,029

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,100
  • Assessed Land Value: $109,300
  • Assessed Improvements Value: $176,800

    Sales

  • Current Sale Recording Date: May 30, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1673
  • Previous Sale Recording Date: Dec 27, 1999
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ayer

Stats & Trends

Median Asking:

$550,000

Sale Price/ft²

$310

Below Asking

0.02%

Average Days on Market

54

Average Home Size

2001 ft²

Average Home Age

61.8 years

Currently For Sale

4 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73210566

Frequently Asked Questions

When was property at 8 Grove Street built and last sold?
The property at 8 Grove Street was built in 1875 and last sold on Jan 1, 1970 for $190,000.
How much is this home worth?
The estimated value of the home located at 8 Grove Street is $353,399.
What are some comparable homes to 8 Grove Street?
There are currently no comparable homes to 8 Grove Street.
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